day trading effective? - page 17. | Bitcointalksearch.org

ipanks

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Quote from: mkhadazz on March 10, 2018, 12:02:47 PM

Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

I do not recommend you for daily trading because the risk is very high and your profits can be very little, different if you are trading long term, the profit you get is very much because you have a chance to buy when the price is cheap.

for now conditions, daily trading is not recommended because the coin could get down in any time and we can buy the coin at a high price without we realize. maybe we can trade for weekly because I see from weekly progress, many altcoins is a move to higher price in the weekly so I think we can choose weekly trading. on the other side, we could buy right now and then we can hold for a long just to make sure the price could increase higher in the next month.

L A R A

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very effective if you are smart to analyze the market, as we saw yesterday all the coins have a very drastic increase, on average up more than 10%, and see today they all back down almost 10%, but if you are smart to take advantage of the situation, you can get a very good profit

Waqas vicky

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yes, day trading effective for some profit.
because in day trading we are looking for only 1 or 2 percent profit which some times we earn easily.
and in red market use stoploss so we will not be in heavy risk Wink

Fatunad

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Quote from: St4yInTh3D4rk on March 10, 2018, 12:40:53 PM

Quote from: Jombitt on March 10, 2018, 12:28:22 PM

Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Day trading is effective to those experience trader and to those who know what they are doing. You cant just buy a random coin in daytrading, it takes a research and analysis for this to work for you. It takes a lot of time and patience by monitoring the market from time to time.

Even the experienced trader can't be successful always so day trading is a very risky job to do and it is not for the people who are new to crypto currencies because as you said you can't make profit with the random coin.

Committing mistakes as a trader even how professional you are you are not invincible on losing money which means anytime we can lose up a trade how much more on doing day trading which is the most riskiest way of trading and only few people can able to do it and profitable which it does really depend on how knowledge and skills into trading.It is really a hard thing but once you get the idea and way then making out money isnt really hard at all.

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: Jombitt on March 10, 2018, 12:28:22 PM

Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Day trading is effective to those experience trader and to those who know what they are doing. You cant just buy a random coin in daytrading, it takes a research and analysis for this to work for you. It takes a lot of time and patience by monitoring the market from time to time.

Even the experienced trader can't be successful always so day trading is a very risky job to do and it is not for the people who are new to crypto currencies because as you said you can't make profit with the random coin.

Jombitt

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Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Day trading is effective to those experience trader and to those who know what they are doing. You cant just buy a random coin in daytrading, it takes a research and analysis for this to work for you. It takes a lot of time and patience by monitoring the market from time to time.

mkhadazz

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Activity: 560

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Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

I do not recommend you for daily trading because the risk is very high and your profits can be very little, different if you are trading long term, the profit you get is very much because you have a chance to buy when the price is cheap.

Borisb52

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Activity: 462

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So I think day trading is effective. You can earn and quite a lot. But day trading requires a very large time. We must constantly monitor the market, analyze coins. And not everyone can do it.

m1c0

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If you know what you are doing then day trading can be one of the most effective ways to earn a lot of money or increase your portfolio bitcoin wise.
But it takes a lot of time and training so it's not for everybody.

SmokerFace

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Activity: 958

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Day Trading is more profitable than Long term if you know what happens on the market and if you have so much knowledge on crypto trading, You can easily get x3 - x8 in Day trading if you know what to do that's the reason why market will goes dump before pumping more because the traders taking the profits and will enter more on the dip stage Big investors will have a higher chance to win in Day trading because they controlled the market unlike Small investors are just riding on the WHALES.

rhodelmabanal

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I nevertheless though that day trading is not effective because most of the time I sell ny tokens and last it in several days. If I hold something might happen as usual as the Bitcoin price may dropped it means if I day trade it is the right decision to make every process only in a day, but I could not say that everyday because I am employed in a working company.

zemb

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For me, day trading isn't effective because you must be monitoring BTC graphic all-time and you need to know the technical analysis.

Bitcotalk

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Quote from: Omnia Vanitas on March 06, 2018, 07:36:28 PM

Day trading is very good for skilled people, but if you take is as a casino game it's not investing anymore, but just gambling.
And it will have the same results as gambling, that is you'll lose money.
So, take the time to learn technical analysis, develop a strategy and follow it.

Yes, it is only effective if you know what you are doing and you are ready to stick to whatever pattern that you have learned. It is not that easy to day trade anyway, as it requires a whole lot, but you can make a whole lot as well from it if you are good.

So, in the real sense, it is not for everyone but it is effective for those who can do it right and it come with a lot of experience over time. The thing with trading is that, once you are good, you are good.

Herressy

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Quote from: raven7886 on March 10, 2018, 04:39:05 AM

Quote from: HolderLoo on March 07, 2018, 12:57:21 AM

Income generated is considered effective for the trader. However, in day trader it is very difficult to generate high profit efficiency. It is even more risky for business in the crypto market. It's really not safe for new entrants to the crypto market, too many skills, analysis, grasp of falling points ... I'm not interested in day trading. It is more difficult than analyzing a football match. Grin

Same here, I only day traded for a while and it was more like me punishing myself for the big cash. It is very profitable, but it is extremely stressful as well since you have to stay on the monitor during the time of your trade and make sure you do not miss a slight opportunity of buying or selling in any case it may be. It is crazy though, but at the same time, it is fun when you are good and you see the account increasing hugely.

Day trading is always highly risky and those that are into day trading also know that a lot, but with the level of profit you can generate in a day, I guess they feel it is good enough and it really is anyway if you are good at what you are doing.

I am not sure I can ever get interested again since I tried it once, and I am ok with my short term trading as that gets me what I need easily without much stress and to add, it takes a whole bunch of experience in trading itself generally to be able to day trade.

day trading is some of the best trading that you may have the possibility to make some earning specially oif you are doing well on it that you have to be more efficient on doing this things form, yet it may so hard to be but basic learning on it may help for some individual.

raven7886

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Quote from: HolderLoo on March 07, 2018, 12:57:21 AM

Income generated is considered effective for the trader. However, in day trader it is very difficult to generate high profit efficiency. It is even more risky for business in the crypto market. It's really not safe for new entrants to the crypto market, too many skills, analysis, grasp of falling points ... I'm not interested in day trading. It is more difficult than analyzing a football match. Grin

Same here, I only day traded for a while and it was more like me punishing myself for the big cash. It is very profitable, but it is extremely stressful as well since you have to stay on the monitor during the time of your trade and make sure you do not miss a slight opportunity of buying or selling in any case it may be. It is crazy though, but at the same time, it is fun when you are good and you see the account increasing hugely.

Day trading is always highly risky and those that are into day trading also know that a lot, but with the level of profit you can generate in a day, I guess they feel it is good enough and it really is anyway if you are good at what you are doing.

I am not sure I can ever get interested again since I tried it once, and I am ok with my short term trading as that gets me what I need easily without much stress and to add, it takes a whole bunch of experience in trading itself generally to be able to day trade.

tonyja2017

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Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

Getting profitable from trading is not difficult, but first, to get a profit from trading, you must have a solid knowledge of cryptocurrency. This will help you evaluate the market and make better buying and selling decisions. I spent 6 months reading and learning about cryptocurrency. That made me more experienced in the trading and I had a profit of $ 5000 after a month of work.

Granxis

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Quote from: BitcoinCommodor on March 09, 2018, 07:48:25 AM

Quote from: kevoh on March 01, 2018, 02:30:12 AM

I do not fancy day trading in my opinion. One needs to be able to do on the spot analysis and make 'super' fast decisions that are usually based with emotions rather than sound judgement. This is not to say, it is not profitable but you can as well make big losses.

Neither do I, but those who are doing it are making a lot of profit. There is no way everyone can be a day trader anyway, as we all have our strength and our weaknesses, but the truth is that day trading requires a lot from the trader, and without some of these things in place, you may just end up losing a lot than profiting. You just have to understand the general market, and know when to call a shot and when to get out of a market.

Time planning is very important for a trader, for example I have a 2 week holiday, and I did not care much about Bitcoin. And I had to suffer a lot of money. Resting and holidaying for trader means loss

BitcoinCommodor

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Quote from: kevoh on March 01, 2018, 02:30:12 AM

I do not fancy day trading in my opinion. One needs to be able to do on the spot analysis and make 'super' fast decisions that are usually based with emotions rather than sound judgement. This is not to say, it is not profitable but you can as well make big losses.

Neither do I, but those who are doing it are making a lot of profit. There is no way everyone can be a day trader anyway, as we all have our strength and our weaknesses, but the truth is that day trading requires a lot from the trader, and without some of these things in place, you may just end up losing a lot than profiting. You just have to understand the general market, and know when to call a shot and when to get out of a market.

fullhdpixel

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Quote from: buje micin on March 01, 2018, 02:00:48 AM

Quote from: worldtraveller321 on February 28, 2018, 11:12:05 PM

questions on day trading cryptos
seems a tricky task
your watching volumes

so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?

day trading will be very profitable if you know the trick to do it, usually I see the average value of a coin for a week then buy it when low and wait for the price to go up, controlling your ambition need here

I would call it a trick as well really. It is one thing to have the knowledge to use some of the indicators to day trade, but also, experience over time will always help you with a lot of trick you can make use of to make a lot of money while day trading.

However, as profitable as it sounds, the risk is huge, compared to short and long term trading and looking at the monitor the whole day is not just my thing.

zhelis74

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Quote from: Dreamchaser21 on March 09, 2018, 05:15:01 AM

Quote from: zhekinsp on March 09, 2018, 05:01:15 AM

Day trading is not effective as long term investment because we can't make huge money in day trading like can make by investing on long term.And it can be effective if you are very good skilled and experienced trader,not for the people who are just introduced to the crypto world.

Day trading really good for some experienced people because they know already what to do but if you are just new in this kind of market better not to take higher risk and always play on the safe side which is holding for long term. Day trading can be effective to some but not all traders able to sustain its profit.

Yes, the effectivity of a day trading is really depends on the skills of a trader and its experience towards handling tricky situation along the way of trading business. But for me, its good to buy many kinds of coin for us to have more chance of getting profit and most likely the saying to be slowly but surely, because the more coins we have then the bigger opportunity to have a good profit every day.

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